5 Common Mortgage Myths – Busted!

1. “You need a 20% deposit to get a mortgage”

Not true! While a larger deposit can unlock better rates, many lenders accept as little as 5% — especially for first-time buyers. There are even government-backed schemes designed to help.

2. “If you’re self-employed, you won’t qualify”

Wrong again. You’ll need to show at least 1–2 years of accounts or SA302s, but there are plenty of lenders who cater to self-employed applicants. We know which lenders are flexible — and which aren’t.

3. “A bad credit score means no chance”

Not necessarily. Some lenders specialise in adverse credit mortgages. Whether it’s missed payments, defaults, or CCJs — we can help find a path forward.

4. “It’s cheaper to go directly to the bank”

Going direct may limit your options. As brokers, we search across multiple lenders — not just one bank — to find the best deal for your circumstances.

5. “Protection policies are just upsells”

We don’t see it that way. Life, income or critical illness cover is about protecting your home, your income, and your loved ones. We always tailor recommendations — no hard sell, ever.